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Julius Baer: Coal price uncertainty due to Chinese air pollution policies

Julius Baer believes that China’s air pollution policies will engender greater uncertainty over coal prices in the short term. Coal holds up well. Prices have traded sideways since September this year, with the Bohai thermal coal spot price standing at RMB581 on November 1st. Even so, Julius Baer expects the commodity will see short-term pressure from a fundamental perspective despite…

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